533095
Bengal & Assam share price & financials
- Price
- ₹6,399
- Market cap
- ₹7.1k Cr
- Sector
- Financial Services
What Bengal & Assam does
Bengal & Assam Company Limited is registered with the Reserve Bank of India as a Core Investment Company – Non-Deposit Taking – Systemically Important (CIC-ND-SI), an NBFC category that exists to hold long-term strategic equity stakes in group operating companies rather than trade securities day to day. It is part of the JK Organisation and holds investments in group companies spanning tyres, paper and cement, earning primarily through dividend income from these investee companies rather than from operating a factory or storefront of its own. Its material subsidiaries include J.K. Fenner (India) Limited and Panchmahal Properties Limited, alongside newly added group entities Sridharnath Research Limited and JK Agri Research Services Limited, plus associate companies Radhesham Wellpack Private Limited and Quadragen Vethealth Private Limited. From the last quarter of FY2024-25, with RBI approval, the company also commenced trading in paper and paper-related products, tyres/tubes/rubber and polymer products, cement and building materials, and textile and yarn products.
Segments
- Investment holding (Core Investment Company)
- Trading
- Regulatory classification
- Core Investment Company – Non-Deposit Taking – Systemically Important (CIC-ND-SI), registered with RBI
- Group affiliation
- Part of the JK Organisation; common directors also serve on JK Tyre & Industries Limited, JK Paper Limited and JK Lakshmi Cement Limited
- Material unlisted subsidiaries
- J.K. Fenner (India) Limited and Panchmahal Properties Limited
- Other subsidiaries added in FY2024-25
- Sridharnath Research Limited and JK Agri Research Services Limited
- Associate companies added in FY2024-25
- Radhesham Wellpack Private Limited and Quadragen Vethealth Private Limited
- Permanent employees (standalone company)
- 5
Quarterly results
Q1 FY27: revenue up 10.5%, net profit down 23.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 590 | 489 | 521 | 573 | 642 +9% | 531 +9% | 630 +21% | 633 +10% |
| EBITDA | 157 | 68 | 93 | 101 | 191 +22% | — | — | — |
| Net profit | 128 | 140 | 231 | 258 | 226 +77% | 156 +11% | 204 −12% | 197 −24% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −29.2% 1Y
1Y: ₹8,871.8 on 10 Sept 2025 → ₹6,279.5. High ₹9,030 (18 Sept 2025), low ₹5,440.4 (30 Mar 2026).
Financials, as filed
Revenue fell 47.6% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹16.5k Cr | ₹12.9k Cr | ₹2.1k Cr | ₹2.4k Cr |
| Operating profit | ₹1.6k Cr | ₹1.9k Cr | ₹401 Cr | — |
| Operating margin | 9.6% | 14.5% | 18.8% | — |
| Interest | ₹488 Cr | ₹364 Cr | ₹44 Cr | ₹50 Cr |
| Depreciation | ₹456 Cr | ₹373 Cr | ₹68 Cr | ₹65 Cr |
| Net profit | ₹1.1k Cr | ₹4.2k Cr | ₹755 Cr | ₹844 Cr |
| Net margin | 6.5% | 32.5% | 35.5% | 35.5% |
| Cash from operations | ₹1.4k Cr | ₹1.8k Cr | ₹294 Cr | ₹252 Cr |
| Free cash flow | ₹957 Cr | ₹1.2k Cr | ₹267 Cr | ₹161 Cr |
| ROE | 19.0% | 22.0% | 8.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr |
| Reserves | ₹3.9k Cr | ₹4.5k Cr | ₹5.5k Cr | ₹9.1k Cr | ₹10.2k Cr | ₹10.7k Cr |
| Borrowings | ₹5.1k Cr | ₹5.5k Cr | ₹5.2k Cr | ₹422 Cr | ₹559 Cr | ₹642 Cr |
| Other liabilities | ₹5.4k Cr | ₹6.2k Cr | ₹6.5k Cr | ₹952 Cr | ₹1.1k Cr | ₹1.1k Cr |
| Total liabilities | ₹14.4k Cr | ₹16.2k Cr | ₹17.2k Cr | ₹10.4k Cr | ₹11.8k Cr | ₹12.4k Cr |
| Fixed assets | ₹6.6k Cr | ₹6.8k Cr | ₹6.9k Cr | ₹461 Cr | ₹472 Cr | ₹488 Cr |
| Capital work in progress | ₹328 Cr | ₹136 Cr | ₹232 Cr | ₹22 Cr | ₹24 Cr | ₹52 Cr |
| Investments | ₹2.4k Cr | ₹2.7k Cr | ₹3.6k Cr | ₹9.1k Cr | ₹10.3k Cr | ₹10.8k Cr |
| Other assets | ₹5.0k Cr | ₹6.5k Cr | ₹6.5k Cr | ₹864 Cr | ₹1.0k Cr | ₹1.1k Cr |
| Total assets | ₹14.4k Cr | ₹16.2k Cr | ₹17.2k Cr | ₹10.4k Cr | ₹11.8k Cr | ₹12.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public added +0.29 pp while promoters trimmed −0.24 pp. The shareholder count grew 24% to 25,138.
- Promoters
- 72.9%
- FIIs
- 4.4%
- Public
- 22.7%
Since Jun 2025
- Public +0.29 pp
- Promoters −0.24 pp
- FIIs −0.06 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.7%, FIIs 4.3%, DIIs 0.0%, Public 23.1%.Dec '23: Promoters 73.0%, FIIs 4.3%, DIIs 0.0%, Public 22.7%.Mar '24: Promoters 73.0%, FIIs 4.3%, DIIs 0.0%, Public 22.7%.Jun '24: Promoters 73.0%, FIIs 4.3%, DIIs 0.0%, Public 22.7%.Sep '24: Promoters 73.0%, FIIs 4.5%, DIIs 0.0%, Public 22.4%.Dec '24: Promoters 73.0%, FIIs 4.6%, DIIs 0.0%, Public 22.4%.Mar '25: Promoters 73.0%, FIIs 4.5%, DIIs 0.0%, Public 22.4%.Jun '25: Promoters 73.1%, FIIs 4.5%, DIIs 0.0%, Public 22.4%.Sep '25: Promoters 72.9%, FIIs 4.4%, DIIs 0.0%, Public 22.7%.Dec '25: Promoters 72.9%, FIIs 4.4%, DIIs 0.0%, Public 22.7%.Mar '26: Promoters 72.9%, FIIs 4.4%, Public 22.7%.Jun '26: Promoters 72.9%, FIIs 4.4%, Public 22.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Anshuman Singhania +2.32 pp 2.64% held
- Shrivats Singhania +2.32 pp 2.63% held
- Vinita Singhania +2.31 pp 3.64% held
- Sunanda Singhania +0.14 pp 0.33% held
- Raghupati Singhania +0.13 pp 8.67% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bengal & Assam above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hari Shankar Singhania Holdings Private Limited | 23.23% | unchanged |
| Ypl Enterprises Private Limited | 17.14% | unchanged |
| Raghupati Singhania | 8.67% | +0.13 pp |
| Vinita Singhania | 3.64% | +2.31 pp |
| Edgefield Securities Limited | 2.84% | unchanged |
| Anshuman Singhania | 2.64% | +2.32 pp |
| VIKRAM PATI SINGHANIA (Karta of Vikrampati Singhania HUF) | 2.63% | unchanged |
| Shrivats Singhania | 2.63% | +2.32 pp |
| HARSH PATI SINGHANIA (Karta of Harshpati Singhania HUF) | 2.52% | unchanged |
| Bharat Hari Singhania | 2.28% | unchanged |
| Cassini Partners, L.P. Managed By Habrok Capital Management Llp FPI fund | 2.06% | unchanged |
| Sanjiv Dhireshbhai Shah | 2.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Bengal & Assam
Guides on how to read this kind of business and the numbers that matter.